DMart Q3 Results: Standalone profit up 6.5% to Rs 785 crore, revenue jumps 17.5%
Avenue Supermarts, which operates the retail chain of DMart, on Saturday announced that its standalone Q3 revenue jumped 17.5% year-on-year (YoY) to Rs 15,565 crore while profit rose 6.5% YoY to Rs 785 crore.
The retailer's EBITDA margin fell to 7.9% in Q3FY25 as compared to 8.5% in Q3FY24 while the PAT margin also decreased to 5% vs 5.5% on a YoY basis.
During the quarter, same store revenue growth for 2 years and older stores was at 8.3%. «We continue to see increased intensity in discounting in the FMCG category and the consequent impact to high turnover per square feet stores in metro towns. However, this quarter the impact has relatively reduced versus the previous quarter (Q2 FY 2025),» Avenue Supermarts MD and CEO Neville Noronha said.
DMart Ready recorded a growth of 21.5% in the first 9 months of FY 2025. The company said it is seeing significantly more demand for home delivery compared to pick-up point and hence it continues to align business to that extent.
«Our home delivery business now far exceeds our pick-up point sales contribution. We will continue to provide both channels of delivery as an option to our shoppers in select towns. In several towns we now only operate ‘Home Delivery’ as a delivery channel,» Noronha said.
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